MemeCore (M) Price Prediction

Deep Dive

1. Korean Regulatory Gambit (Mixed Impact)

Overview: MemeCore aims to finalize acquisition of a KOSDAQ-listed firm by late 2025 for VASP licensing, enabling KRW/$M swaps (CoinMarketCap). However, South Korea’s FSC has never approved a foreign blockchain for this status, creating execution risk.

What this means: Success could open a $74.5B crypto market (33% of Korea’s population holds crypto), but delays might trigger 20-30% corrections like July’s post-listing dip.

2. MemeX Liquidity Festival (Bullish Short-Term)

Overview: The August 2025 event offers rewards for trading MRC-20 tokens, mirroring July’s 598% price surge (CoinMarketCap). However, 72% of similar meme coin events since 2023 saw 40-60% retracements within two weeks post-campaign.

What this means: Expect volatility – initial FOMO could push $M toward $2.50 (23.6% Fib level), but thin native-chain TVL ($155M) raises sustainability concerns.

3. Proof-of-Meme Centralization Risk (Bearish)

Overview: Validators must stake 7M $M (worth $14.4M), concentrating power among whales. Just 11 wallets hold 39% of circulating supply (CoinMarketCap).

What this means: Large holders could amplify sell pressure during downturns, as seen in September’s 17% weekly drop when a whale dumped 2.1M $M.

Conclusion

MemeCore’s fate hinges on converting viral momentum into tangible utility – the Korea play offers legitimacy, while MemeX tests speculative stamina. Technicals show vulnerability (RSI 45.33, below 30-day SMA $2.29), but the Alchemy Pay partnership (X) improves fiat access.

Watchpoint: Can daily active addresses (currently 423) sustain above 1K post-MemeX, signaling real usage beyond speculation?